Kentucky State University
Internal Audit Plan
We anticipate the following activities and timeline to accomplish our internal audit plan, which may be amended from time to time (if need be) to address any emerging high-risk issues identified:
| Internal Audit Activity | Proposed Timing |
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| Initial Risk Assessment and Proposed Audit Plan | May – June |
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| Documentation and testing of key internal controls | May–October |
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| Drafting report of observations and recommendations | September–November |
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| Follow-up on status of any findings from external audit | November–January |
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| Fixed assets observations | October – May |
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| Written and verbal reports to management and Audit Committee | Ongoing and each Board meeting |
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